TIDMJAY

RNS Number : 0559R

Bluejay Mining PLC

18 September 2017

Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining

18 September 2017

Bluejay Mining plc ('Bluejay' or the 'Company')

Notice of AGM

Bluejay Mining plc, the AIM and FSE listed company with projects in Greenland and Finland, is pleased to announce that the Annual General Meeting ('AGM') of the Company will be held at 10:00 a.m. on 16 October 2017 at The Washington Mayfair Hotel, 5 Curzon Street, London, W1J 5HE.

The notice of AGM and form of proxy will be posted to shareholders today and will be available on the Company's website at http://www.titanium.gl/.

**ENDS**

Further Information

For further information on Bluejay Mining plc please visit http://www.titanium.gl or contact one of the following:

 
                                            +44 (0) 20 7907 
 Roderick McIllree    Bluejay Mining plc     9326 
-------------------  --------------------  ---------------- 
                      SP Angel Corporate    +44 (0) 20 3470 
 Ewan Leggat           Finance LLP           0470 
-------------------  --------------------  ---------------- 
                      SP Angel Corporate    +44 (0) 20 3470 
 Soltan Tagiev         Finance LLP           0470 
-------------------  --------------------  ---------------- 
                      St Brides Partners    +44 (0) 20 7236 
 Charlotte Page        Ltd                   1177 
-------------------  --------------------  ---------------- 
                      St Brides Partners    +44 (0) 20 7236 
 Megan Dennison        Ltd                   1177 
-------------------  --------------------  ----------------

Notes

Bluejay is dual listed on the London AIM market and Frankfurt Stock Exchange and primarily focussed on advancing the Pituffik Titanium Project in Greenland into production in 2018. Pituffik has been proven to be the highest-grade mineral sand ilmenite project globally, with an initial Inferred JORC resource of 23.6Mt at 8.8% ilmenite (in situ), including a high-grade zone equal to 7.9Mt at 14.2% ilmenite. Crucially significant further upside remains, as the resource forms part of a larger exploration target for the tested area of between 90Mt to 130Mt at an in-situ grade of between 6.3% and 8.4% ilmenite. Furthermore, the resource area covers just 17% of the raised beach area - one of three main target areas situated along an >40km coastline:

-- Raised beaches; containing ilmenite accumulations over widths of more than 1km, of unknown depths, along more than 30km of coastline;

-- Active beaches; which refer to the area seaward of the frontal dunes, including the beach, tidal zones and surf zone; and

   --    Drowned beaches; refers to the areas seaward of active beaches.

The Company's strategy is focused on the production of a bulk sample "proof of concept" from the Pituffik Project in 2017 with the aim of securing an offtake partner and commencing commercial production in 2018 in order to create a company capable of self-funding exploration on current projects and future acquisitions.

Bluejay holds two additional projects in Greenland - the 194sq km Disko-Nuussuaq ('Disko') Magmatic Massive Sulphide ('MMS') nickel-copper-platinum project ('Ni-Cu-PGM'), which has shown its potential to host mineralisation similar to the world's largest nickel/copper sulphide mine Norilsk-Talnakh, and the 107sq km Kangerluarsuk Sed-Ex lead-zinc-silver project ('Kangerluarsuk'), where historical work has recovered grades of 41% zinc, 9.3% lead and 596 g/t silver and identified four large-scale drill ready targets. Bluejay intends to conduct a high-powered, ground based, electromagnetic survey at Disko in Q4 2017 for the purposes of identifying optimum drill site locations for the possibility of drilling during 2018.

The Company also has a 100% interest in a portfolio of copper, zinc and nickel projects in Finland. This multi-commodity portfolio has been restructured to be cost-sustainable whilst determining the best plan for future development.

This information is provided by RNS

The company news service from the London Stock Exchange

END

NOAUWOURBKAKAAR

(END) Dow Jones Newswires

September 18, 2017 08:45 ET (12:45 GMT)

Bluejay Mining (LSE:JAY)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Bluejay Mining Charts.
Bluejay Mining (LSE:JAY)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Bluejay Mining Charts.